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Healthcare Services Acquisition (Healthcare Services Acquisition) Cash-to-Debt : 0.13 (As of Sep. 2022)


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What is Healthcare Services Acquisition Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Healthcare Services Acquisition's cash to debt ratio for the quarter that ended in Sep. 2022 was 0.13.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Healthcare Services Acquisition couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2022.

The historical rank and industry rank for Healthcare Services Acquisition's Cash-to-Debt or its related term are showing as below:

HCARU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13   Med: 5000.62   Max: No Debt
Current: 0.13

During the past 2 years, Healthcare Services Acquisition's highest Cash to Debt Ratio was No Debt. The lowest was 0.13. And the median was 5000.62.

HCARU's Cash-to-Debt is not ranked
in the Diversified Financial Services industry.
Industry Median: 2.34 vs HCARU: 0.13

Healthcare Services Acquisition Cash-to-Debt Historical Data

The historical data trend for Healthcare Services Acquisition's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Healthcare Services Acquisition Cash-to-Debt Chart

Healthcare Services Acquisition Annual Data
Trend Dec20 Dec21
Cash-to-Debt
No Debt 1.24

Healthcare Services Acquisition Quarterly Data
Aug20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Cash-to-Debt Get a 7-Day Free Trial No Debt 1.24 0.54 0.47 0.13

Competitive Comparison of Healthcare Services Acquisition's Cash-to-Debt

For the Shell Companies subindustry, Healthcare Services Acquisition's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Healthcare Services Acquisition's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Healthcare Services Acquisition's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Healthcare Services Acquisition's Cash-to-Debt falls into.


Healthcare Services Acquisition Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Healthcare Services Acquisition's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 is calculated as:

Cash to Debt Ratio= Cash, Cash Equivalents, Marketable Securities / Total Debt
= Cash, Cash Equivalents, Marketable Securities / (Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation)
=0.743 / (0 + 0.6)
=1.24

Healthcare Services Acquisition's Cash to Debt Ratio for the quarter that ended in Sep. 2022 is calculated as:

Cash to Debt Ratio= Cash, Cash Equivalents, Marketable Securities / Total Debt
= Cash, Cash Equivalents, Marketable Securities / (Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation)
=0.076 / (0 + 0.6)
=0.13

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Healthcare Services Acquisition  (NAS:HCARU) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Healthcare Services Acquisition Cash-to-Debt Related Terms

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Healthcare Services Acquisition (Healthcare Services Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Healthcare Services Acquisition Corp (NAS:HCARU) » Definitions » Cash-to-Debt
Comparable Companies
GATE BYTS GMBT CLAA SVFC DTOC BCSA VCXB FACA PIAI GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
7809 Woodmont Avenue, Suite 200, Bethesda, MD, USA, 20814
Website
https://www.healthcarespac.com
Healthcare Services Acquisition Corp is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Executives
Brian T Griffin director
David T Blair director, officer: CEO and Chairman of the Board HEALTHEXTRAS, INC, 800 KING FARM BLVD, 4TH FL, ROCKVILLE MD 20850
Michael P Donovan director HEALTHEXTRAS, INC, 800 KING FARM BLVD, 4TH FL, ROCKVILLE MD 20850
Jeanne L. Manischewitz director 7809 WOODMONT AVENUE, SUITE 200, BETHESDA MD 20814
Martin J. Payne director, officer: President and Director 7809 WOODMONT AVENUE, SUITE 200, BETHESDA MD 20814
Joshua B. Lynn officer: Chief Financial Officer 7809 WOODMONT AVENUE, SUITE 200, BETHESDA MD 20814
Tao Tan officer: Chief Operating Officer 7809 WOODMONT AVENUE, SUITE 200, BETHESDA MD 20814